Tuesday, March 19, 2013

The Return Of Volatility

The market started to drop towards yesterdays (pre-market) lows and hit the low of the day in the early afternoon. Then a bounce followed with some wild moves up and down in the last hour of the session.

The VIX is finally spiking up which doesn't mean that indices are going down all the way. But nice to see some volatility returning. These 0.2-0.4% updays were getting very boring for many I guess...

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro made fresh new lows and closed under 1.29. Oil lost big, over 1.5% and is back at 92.50. Metals were mixed with another day of losses for copper, breakeven for silver and a 0.4% gain for gold.

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